Archives

Li-Metal: Developing Lithium Metal Anode Production Technologies For Next-Generation Batteries

By Amit Chowdhry ● Oct 16, 2023

Li-Metal is a developer of lithium metal anodes and lithium metal production technologies for next-generation batteries. Pulse 2.0 interviewed Li-Metal CEO Dr. Srini Godavarthy.

Ares Management And Vinci Partners Reveal Strategic Partnership

By Noah Long ● Oct 16, 2023

Ares Management Corporation and Vinci Partners Investments Ltd. recently announced that they have agreed to form a strategic partnership to accelerate the growth of Vinci's platform in Latin America and collaborate on distribution, product development, and other business opportunities. In connection with forming the strategic partnership, an affiliate of Ares will concurrently make a US$100 million investment in new convertible preferred shares to be issued by Vinci, subject to customary closing conditions.

Cleanlab: Automated Data Curation Solution Company Secures $25 Million

By Annie Baker ● Oct 16, 2023

Cleanlab - the company behind the automated data curation solution used to increase the dollar value of every data point in enterprise AI, LLM, and analytics solutions - announced it had raised $25 million in Series A funding. This funding round was co-led by Menlo Ventures and TQ Ventures; Menlo Ventures' Matt Murphy and TQ’s Schuster Tanger will join the board. Existing investor Bain Capital Ventures (BCV) and new investor Databricks Ventures also joined in this funding round, which brings Cleanlab’s total funding to $30 million.

Arctop: $10 Million Raised For Brain Decoding Technology

By Noah Long ● Oct 16, 2023

Arctop - a software platform for brain decoding - recently announced $10 million in Series A funding co-led by Fifth Growth Fund (FGF) and Supermoon Capital. This funding round will accelerate the commercialization of Arctop's pioneering technology that translates brain activity into real-time information for third-party applications.

General Catalyst: How This VC Firm Is Focusing On The Future Of Health

By Amit Chowdhry ● Oct 16, 2023

General Catalyst is a VC firm that invests in powerful and positive change that endures for entrepreneurs, investors, people, and society. And the firm supports founders with a long-term view who challenge the status quo, partnering with them from seed to growth stage and beyond. At the recent HLTH event, General Catalyst announced the launch of a new healthcare company owned and operated by the firm. This marked the emergence of Health Assurance Transformation Corporation (HATCo) from stealth, intending to acquire an existing health system.

Grand Ventures: $50 Million Second Fund Closed To Invest In Early-Stage

By Amit Chowdhry ● Oct 16, 2023

Grand Ventures recently announced the closing of a $50 million second fund to invest in early-stage companies. This Fund II received significant support from its existing investor base while adding new limited partners, including family offices. General Partners Tim Streit, Camila Noordeloos, and Nathan Owen will manage this fund.

Main Street Health Closes Over $315 Million And Expands Into 26 States

By Amit Chowdhry ● Oct 14, 2023

Main Street Health - the nation's largest value-based healthcare organization exclusively serving rural America - recently announced its expansion into 26 states. In connection with the announcement, Main Street announced it has raised over $315 million in new capital, including investment from strategic health plans and provider partners.

Ostium Labs: $3.5 Million Secured To Help Users Trade Assets On-Chain

By Amit Chowdhry ● Oct 14, 2023

Ostium - a company that enables users to trade off their assets directly on-chain - recently announced it raised $3.5 million in funding from General Catalyst and LocalGlobe, with participation from Susquehanna International Group (SIG), DeFi Alliance, Balaji Srinivasan, Shiliang Tang (LedgerPrime), and nearly 20 additional founders, investors, and advisors. This funding round will facilitate the launch of our flagship protocol, the first decentralized, non-custodial perpetual exchange for Real World Assets.

Precede Biosciences: $57 Million Raised To Develop Disease-Defining Transcriptional Biology Platform

By Noah Long ● Oct 14, 2023

Precede Biosciences recently emerged from stealth with a breakthrough, comprehensive, blood-based approach to revealing disease-defining transcriptional biology. The company has raised $57 million.

HiringBranch: $2.5 Million Raised To Improve Hiring Processes

By Annie Baker ● Oct 14, 2023

HiringBranch recently announced that it has secured $2.5 million in non-dilutive funds from BDC Capital's Growth & Transition Capital division. BDC (Canada's bank for entrepreneurs) is investing in HiringBranch's mission to modernize legacy hiring processes with soft skill AI assessments that could replace interviews at scale.

Masan Group: Bain Capital Leads Equity Funding Round Of Up To $500 Million

By Noah Long ● Oct 13, 2023

Masan Group recently announced that Bain Capital, a leading private investment firm with approximately $180 billion of assets under management, has agreed to invest into Masan Group at least $200 million in equity capital at price of VND85,000 per share. The proceeds from the transaction will be used to strengthen the company’s financial position and de-lever its balance sheet. Plus, this marks Bain Capital’s first-ever investment in Vietnam and underscores its confidence in Masan’s ability to realize the immense opportunity to fulfill 100 million Vietnamese consumers’ daily grocery, financial, and other life needs.

Why Bristol Myers Squibb Is Buying Mirati Therapeutics For Up To $5.8 Billion

By Annie Baker ● Oct 13, 2023

Bristol Myers Squibb and Mirati Therapeutics recently announced that they have entered into a definitive merger agreement under which Bristol Myers Squibb has agreed to acquire Mirati for $58 per share in cash, for a total equity value of $4.8 billion. Mirati stockholders will also receive one non-tradeable Contingent Value Right (CVR) for each Mirati share held, potentially worth $12 per share in cash, representing an additional $1 billion of value opportunity. The deal was unanimously approved by both the Bristol Myers Squibb and the Mirati Boards of Directors.

Why Robot Morning Is Buying Enterprise Solutions Implementation Specialists

By Amit Chowdhry ● Oct 13, 2023

Robot Morning - a leader in aerospace supply chain software and automation solutions - recently announced that it has acquired Enterprise Solutions Implementation Specialists (ESIS). The terms of the private transaction were not disclosed.

AMD Buying Nod.ai To Expand Open AI Software Platform

By Amit Chowdhry ● Oct 13, 2023

AMD recently announced the signing of a definitive agreement to acquire Nod.ai to expand the company’s open AI software capabilities. And the addition of Nod.ai will bring an experienced team that has developed an industry-leading software technology that accelerates the deployment of AI solutions optimized for AMD Instinct data center accelerators, Ryzen AI processors, EPYC processors, Versal SoCs and Radeon GPUs to AMD.

Osmoses: Industrial Separations Technology Closes $11 Million To Purify Gases

By Noah Long ● Oct 13, 2023

Osmoses - an industrial separations technology company that purifies gases, the world’s smallest molecules - recently announced it has raised an oversubscribed $11 million seed round led by Energy Capital Ventures.

Brookfield: $12 Billion Raised For Flagship Global Private Equity Program

By Amit Chowdhry ● Oct 13, 2023

Brookfield Asset Management recently announced the closing of its latest flagship global private equity program Brookfield Capital Partners VI (BCP VI). With $12 billion in total capital raised for the strategy, BCP VI is now the largest private equity fund raised by Brookfield.

T. Rowe Price And Oak Hill Advisor Launch OCREDIT Fund

By Amit Chowdhry ● Oct 13, 2023

T. Rowe Price and Oak Hill Advisors (OHA) recently announced the launch of their joint investment offering, the T. Rowe Price OHA Select Private Credit Fund (OCREDIT). OCREDIT offers an OHA-managed private credit investment solution for income-oriented individual investors with the convenience of a non-traded and perpetual-life business development company (BDC) structure.

Amalgam Rx Receives Strategic Investment From CVS Health Ventures

By Noah Long ● Oct 13, 2023

Amalgam - a leader in enabling data-driven healthcare decision-making - recently announced the participation of CVS Health Ventures in its Series B investment round.

Stoke Space: Reusable Rocket Company Raises $100 Million In Funding

By Amit Chowdhry ● Oct 13, 2023

Stoke Space recently announced it raised $100 million in Series B funding to drive continued growth and innovation. This funding round more than doubled the company’s total funding, which is now at $175 million. The company also shared the official name of our first rocket: Nova.

Diana Health: $34 Million Secured To Improve Outcomes In Women’s Health

By Noah Long ● Oct 13, 2023

Diana Health - a network of modern women's health practices that partner with hospitals to reimagine the way women's healthcare is delivered - recently announced that it has closed $34 million in Series B financing led by Norwest Venture Partners. The company’s existing investors .406 Ventures, LRVHealth and AlleyCorp joined the round, bringing the total raised to $46 million.

Velostics: Unified Scheduling Company Secures $1.95 Million

By Amit Chowdhry ● Oct 13, 2023

Velostics - a software-as-a-service (SaaS) company specializing in unified scheduling - recently announced it raised $1.95 million in a seed+ round to expand its platform and reach even further with shippers across the supply chain. The company defines unified scheduling as the orchestration of inbound and outbound truck scheduling for shippers across their supply chain from vendors to end customers.

SuperOrdinary: $58 Million Funding And Over $800 Million Valuation

By Noah Long ● Oct 13, 2023

SuperOrdinary - the fast-growing global brand accelerator and expert in establishing and scaling brands in international and domestic channels - recently announced the completion of a $58 million Series B fundraising, bringing the company’s valuation to over $800 million. The investors in Series B included Manzanita, Puig, Demira Gate, Upper90, and SuperOrdinary founder and CEO Julian Reis.

Iambic Therapeutics: $100 Million Oversubscribed Series B Funding Raised

By Annie Baker ● Oct 13, 2023

RQD Clearing: Correspondent Clearing Services Company Secures Series A Funding Round

By Annie Baker ● Oct 13, 2023

RQD Clearing, LLC (RQD) - a leading provider of correspondent clearing services - recently announced its Series A financing round, led by Nyca Partners and ABN AMRO Clearing Investments B.V. This strategic funding round will enable RQD to more rapidly expand its service offering, global reach, and onboard larger, more demanding clients.

Connections Health Solutions: Immediate-Access Behavioral Health Crisis Care Company Raises $28 Million

By Noah Long ● Oct 13, 2023

Connections Health Solutions - the leading innovator in immediate-access behavioral health crisis care - recently announced the closing of a $28 million growth financing raise led by Town Hall Ventures, a firm that invests in healthcare solutions for underserved communities, with participation from existing investor, Heritage Group. The company will use the funding to accelerate new market entry, meeting community demand for value-based mental health crisis services.

Electric Era: EV Fast Charging Infrastructure Secures Funding From Chevron

By Annie Baker ● Oct 13, 2023

Electric Era Technologies - a leader in revolutionizing the world’s EV fast charging infrastructure with its proprietary PowerNode EV high-speed charging stations - recently announced an investment from Chevron Technology Ventures.

REGENT Craft: All-Electric Seaglider Company Secures $60 Million

By Noah Long ● Oct 13, 2023

REGENT Craft - a Rhode Island-based manufacturer of all-electric seagliders - recently announced today it has raised $60 million in Series A funding co-led by 8090 Industries and Founders Fund. The funding round includes previously announced strategic investments by Japan Airlines Innovation Fund, Lockheed Martin, and Yamato Holdings.

Class Companion: $4 Million Raised To Empower Teachers And Support Students

By Dan Anderson ● Oct 13, 2023

Glydways: On-Demand Personal Rapid Transit Raises $56 Million

By Dan Anderson ● Oct 13, 2023

Glydways - a leader in developing on-demand Personal Rapid Transit (PRT) - recently announced a $56 million Series B round, including the conversion of notes valued at more than $28 million and led by New Science Ventures with participation from The ACS Group and Gates Frontier. Khosla Ventures, Glydways first investor, is also participating in this latest round. The company raised over $70 million to date.

CAZ Investments: $200 Million Commitment Received From Grafine Partners

By Dan Anderson ● Oct 13, 2023

CAZ Investments (a Houston-based investment manager) and Grafine Partners (an investment management firm that identifies differentiated sources of alpha by investing in new firms led by experienced private equity investors) recently announced that CAZ has made a $200 million commitment to Grafine.